NOT LISTED FOR SALE

Estimated Value: $568,592 - $697,000

3 Beds
2 Baths
1,505 Sq Ft
$1,433/mo HOA Fee

Last Sold June 19, 2024

Last sale price $620,000 $412 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,439/month

22 Days on Market

Highlights

  • Garden View
  • Balcony
  • Tile Flooring
  • Norman S. Edelcup/Sunny Isles Beach K-8 Rated A-
  • Cooling Available
  • 3-minute walk to Heritage Park

About This Home

As of June 2024

Totally remodeled. Investors oportunity! Location, Location! Building is just in front of one of the most beatiful beaches of the whole Sunny Isles Riviera, down the road from prestigious Aventura and Bal Harbour. Great lifestyle!
Short term rental allowed. No restrictions to rent from 1 day to 365. This apartment is succesfully working in Airbnb with more than 90% occupation.
Building has great amenities like: heated swimming pool, tennis courts, mini market, Ocean Reserve cafe, Gym, Bbq area, Kids area, 24 hour security & Valet service
HOA includes: AC power, cable, water, heated water, high speed internet

Last Agent to Sell the Property

Sergio Cento Docato Gomez

Lumer Real Estate License #3486841 Listed on: 03/25/2024

Last Buyer's Agent

Olga Zaurova

Big International Realty, Inc. License #3334297

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,100

Year Built

  • Built in 1972

HOA Fees

  • $1,433 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Entry on the 14th floor

Interior Spaces

  • 1,505 Sq Ft Home
  • Tile Flooring
  • Garden Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Balcony
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 31-22-02-048-0270

Community Details

Overview

  • Ocean Reserve Condos
  • Ocean Reserve Condo Subdivision
  • 17-Story Property

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • Complex Is Fenced

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,100

Year Built

Built in 1972

Lot Details

0

HOA Fees

$1,433 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1972
  • Property Sub Type: Condominium
  • Entry Level: 14
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: OCEAN RESERVE CONDO
  • Year Built Details: Condo-Conversion
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: Other
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1505
  • Possible Use: Unknown/Withheld
  • Stories: 17
  • Bedroom Features: Entry Level

Exterior Features

  • View: Garden View
  • Exterior Features: East Of Us1, Open Balcony, Other
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: OCEAN RESERVE
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Security: Complex Fenced, Elevator Secure

Condo/Co-op/Association

  • Association Fee: 1433
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 31-22-02-048-0270
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2024
Sold by
Gak Alexander
Bought by
Msag Holdings Llc
Current Estimated Value
$630,148

Purchase Details

Listed on
Mar 25, 2024
Closed on
May 18, 2024
Sold by
Best Road Llc
Bought by
Gak Alexander
Seller's Agent
Sergio Cento Docato Gomez
Lumer Real Estate
Buyer's Agent
Olga Zaurova
Big International Realty, Inc.
List Price
$660,000
Sold Price
$620,000
Premium/Discount to List
-$40,000
-6.06%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.32%
Original Mortgage
$350,000
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 19, 2018
Closed on
Sep 3, 2019
Sold by
Rodeo Island Llc
Bought by
Best Road Llc
Seller's Agent
Alf Swanes
Swanes Group Realty, LLC
Buyer's Agent
Rodolfo Manzon
MMLS Assoc.-Inactive Member
List Price
$445,000
Sold Price
$418,000
Premium/Discount to List
-$27,000
-6.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.56%
Original Mortgage
$271,700
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 14, 2015
Closed on
Feb 24, 2016
Sold by
Toda Raba 18 Llc
Bought by
Rodeo Island Llc
Seller's Agent
Luciana Aguinis
EXP Realty LLC
Buyer's Agent
Claudia Swanes
The Keyes Company
List Price
$499,000
Sold Price
$390,000
Premium/Discount to List
-$109,000
-21.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.99%

Purchase Details

Closed on
Jul 15, 2010
Sold by
Fannie Mae
Bought by
Toda Raba 18 Llc

Purchase Details

Closed on
May 21, 2010
Sold by
Amtrust Bank
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 5, 2009
Sold by
Bacchus Kendra
Bought by
Amtrust Bank

Purchase Details

Closed on
Oct 5, 2007
Sold by
Oceanview Developers Llc
Bought by
Bacchus Kendra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Msag Holdings Llc $323,000 None Listed On Document
Gak Alexander $620,000 None Listed On Document
Best Road Llc $418,000 Title Partners Of Fl Inc
Rodeo Island Llc $390,000 Attorney
Toda Raba 18 Llc $187,000 Attorney
Federal National Mortgage Association -- Attorney
Amtrust Bank -- None Available
Bacchus Kendra $674,900 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gak Alexander $350,000
Previous Owner Best Road Llc $271,700
Previous Owner Bacchus Kendra $417,000
Previous Owner Bacchus Kendra $190,410
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2024 06/19/24 Sold $620,000 -6.1% $412 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
03/25/2024 03/25/24 For Sale $660,000 +57.9% $439 / Sq Ft
09/03/2019 09/03/19 Sold $418,000 -6.1% $278 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
07/01/2019 07/01/19 For Sale $445,000 +6.5% $296 / Sq Ft
07/01/2019 07/01/19 Off Market $418,000 -- --
12/19/2018 12/19/18 For Sale $445,000 +14.1% $296 / Sq Ft
02/25/2016 02/25/16 Sold $390,000 -2.3% $259 / Sq Ft
02/02/2016 02/02/16 Pending -- -- --
11/04/2015 11/04/15 Price Changed $399,000 -4.5% $265 / Sq Ft
10/13/2015 10/13/15 Price Changed $418,000 -2.6% $278 / Sq Ft
08/25/2015 08/25/15 Price Changed $429,000 -2.3% $285 / Sq Ft
08/11/2015 08/11/15 Price Changed $439,000 -1.3% $292 / Sq Ft
07/28/2015 07/28/15 Price Changed $445,000 -0.9% $296 / Sq Ft
07/01/2015 07/01/15 Price Changed $449,000 -2.4% $298 / Sq Ft
06/03/2015 06/03/15 Price Changed $460,000 -5.2% $306 / Sq Ft
05/13/2015 05/13/15 Price Changed $485,000 -2.8% $322 / Sq Ft
04/14/2015 04/14/15 For Sale $499,000 0.0% $332 / Sq Ft
12/17/2012 12/17/12 Rented $1,950 -2.5% --
11/17/2012 11/17/12 Under Contract -- -- --
10/10/2012 10/10/12 For Rent $2,000 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,774 $495,180 -- --
2024 $7,441 $455,202 -- --
2023 $7,441 $413,820 $0 $0
2022 $6,557 $376,200 $0 $0
2021 $6,080 $342,000 $0 $0
2020 $6,132 $342,000 $0 $0
2019 $5,537 $308,000 $0 $0
2018 $5,401 $308,000 $0 $0
2017 $5,571 $311,548 $0 $0
2016 $5,051 $260,691 $0 $0
2015 $4,622 $236,992 $0 $0
2014 $4,405 $215,448 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11556559

MIAMI REALTORS® MLS

APN: 31-2202-048-0270